Ontology Tech AMA Summary

It has been over a year since Ontology’s launch and six months since MainNet went live. During this time, the Ontology development team has been progressing on the roadmaps and expanding the team, as well as helping out those in the community who wish to develop on Ontology. Most recently, we released the designs for STOs and sharding, as well as the dApp incentive model, for which we have seen a lot of discussion about online.

Undoubtedly a lot went on in 2018 and we have more planned for 2019. On January 10th, we held an AMA for questions you have for our tech team about Ontology and what we have planned for the year ahead.

Below is the summary of the answers.

Plans

What ideas or incentives do you have to compete with the massive dApps EOS and TRX have created?

At present, dApps mainly revolve around the transaction of tokens. The fluctuation of token value has no anchoring foundation, which limits the types of dApps, and makes dApps used mainly for gambling at the moment. However, the potential of dApps is much more than that!

The value of data and interactions in a trust network are the direction of interest for Ontology.

Considering the volume viral internet applications have, more expansion capabilities are needed. On the basis of Ontology multi-chain proposed in 2017, combined with the latest research results last year, Ontology has completed a multi-chain prototype, multi-layer design, and is continuously preparing for scalability.

Don’t build a platform in quicksand! Ontology’s incentive mechanism wasn’t brought out during the bull market, but instead when Ontology technology was best prepared. Ontology accepts developers with an open attitude and willingness to foot the bill. There are application incentives and core team technical support available with four dApp incentive programs.